Nations as Foreign Capital Corporations – The Saker Blog

Originally Published on December 2, 2018

Source: The Saker Blog

As shadow banks become authentic governments of countries, the nations gradually turn into foreign capital corporations or companies, which enslave the workforce. Capital or money doesn’t have a nationality. Its homeland is the accounts, hidden by its owners so as not to pay taxes. Traditionally these accounts were in Switzerland or in the Virgin Islands, but are now scattered around the world in many centers, turned into the cash boxes and are the true homeland of that one percent that monopolizes the riches of the planet.

This is especially true for small countries such as Honduras, which probably never was a proper country, but rather a group of ranches owned by a bunch of families and now on its way to definitively become a foreign capital corporation without nationals. Left behind are only wretched employees with miserable wages. The foreign capital company strips all of the homelands of its excess inhabitants, who then have to migrate on foot looking for other lands. The only nationals that Honduras has at the moment are Orlando Hernandez and his cadre of cocaine traffickers who are the only ones who feel at home in the country (although they would probably prefer to live in Miami and be North Americans) and perhaps the high-ranking US military stationed at the base of Palmerola. They are probably the only ones who can walk the streets of Tegucigalpa boasting with impunity of their elite privileges preserved only by the fear or ignorance of the people; an ignorance that they do everything in their power to encourage. I do not include the rank and file soldiers of the base, because surely they will spend their time dreaming of returning home from time to time; returning home to their own country, that probably has also turned into an immense foreign capital corporation with four or five subsidiaries (Blackrock, Vanguard Group … and of course the Carlyle group, the most emblematic). Nationals without a homeland or with a shrunken one like Syria may perhaps console themselves a little for their misfortune, thinking that the capital in the hands of some Arab sheiks is converting middle-class or lower-class Americans into employees of Ben Salman with slowly diminishing salaries. However scarce the rights enjoyed by the Hondurans that manage to enter the stepmother country of adoption that could be the USA, they’ll always have more than in their own country, where they have none and where their death isn’t news. Now finally they have become “news” after many decades of being anonymous victims, thanks to an epic journey on foot, crossing the hostile lands of Central America and North America: lands hostile to those who don’t have more capital than only their hands or their wit, as long as they do not use it to foment crime and robbery. It is possible that those Mexicans who contemplate this diaspora, and are also subject to the abuse of local mafia bosses backed by Washington, feel wrongly lucky. Thinking that they are on one higher rung of the global pyramid, and I don’t mean the Aztec one, but the pyramid of the Ponzi scheme perpetrated by the directors of the Vanguard group or Carlyle, is a false sense of consolation. It only allows the Mexicans to deceive themselves because the foreign capital corporations will continue oppressing them all the same. This hopeless consolation does serve the bigwigs of the banks and corporations in that the Mexicans don’t become fully aware of the oppression that they suffer and don’t decide to rebel against it.

Meanwhile, the nation of Honduras is on its way to becoming universal, because it is a model that Chiquita’s prominent executives want to export to the entire world. They do not want to only ship bananas. They are also committed to exporting slavery and misery as this is part of the model. And the Mexicans and the Americans themselves are becoming Hondurans exceptionally quickly, and if the immigrants don’t hurry to get into the northern country as soon as possible, they could find a nation as tyrannical as their own, but of a much bigger size. Because the real mission that Trump has entrusted to the army on the border with Mexico is not only to stop their progress but to keep intact the mirage that his is a free and prosperous nation, when it stopped being such, a few years ago.

The Bush administration by means of a rigged election, took good care of cutting the constitutional guarantees with its false war on terrorism (which is nothing more than a war against the liberties of America and the rest of the world). This started the long road to privatize the homeland and deliver their wealth into the hands of a few entrepreneurs who frequently disguise themselves as politicians and who change the legislation at will and for their own benefit. It seems very revealing to me that a banana company like Chiquita (because the banana one is the company and not the nation) is in charge of keeping at bay the thirst for freedom and justice of the Honduran people.

In this way, the Hondurans are diminished, and a distorted image of them is projected to the world that allows their oppressors to keep them in the status of serfs or ignorant peasants who serve only to work a land that doesn’t belong to them, with semi-starvation wages. If Honduras is a banana republic, it is because the banana foreign capital companies like Chiquita strangle its development. The role played by Chiquita in the financing of the death squads of Colombia is well demonstrated when they were condemned to pay a “symbolic” fine of 25 million dollars for financing the self-defense groups in that country.

The directors of Chiquita could have saved the money paid to the death squads by raising the salary and improving the coverage of their employees (instead of cutting it as they intend to do now in La Lima). We must ask ourselves, then, why didn’t they do it?. Does such behavior gratify the ego of executives who take a sadistic pleasure in subduing and oppressing their employees under the soles of their feet to feel themselves important? Are they psychiatric fodder? Are they perverts who desperately need someone to knock them down on a couch to be psychoanalyzed? Is that the only explanation? Or would such an initiative have found the rejection of the Colombian elites, of a no less sinister profile, who contemplate any improvement in the living conditions of the humble classes of that country as a threat? Do they fear that this improvement will arouse the envy of other sectors of the population that could claim, in turn, more just living conditions for themselves? The relationship between corporate fascism and sadomasochism is very clear. It is not necessary to consult with any specialist in mental illnesses about that. The problem, or one of them, is that the victims of the sadism of the fascists do not usually present themselves on a voluntary basis. About the sadism of the assassins, I do not want to joke because it’s too terrible.

Regarding this, the Argentine psychoanalytic school has failed us; it didn’t penetrate into the heart of horror, it didn’t sit the assassins on the couch, and sadly neither in the dock to dig into the garbage of their minds, more tormenting than tormented, and profoundly sick with an infectious disease that looks remarkably like the rage. You only have to read their threatening statements. But perhaps psychoanalysis wanted to transform the patient so that it would integrate better or worse in a sick society, and not to transform the sick society as a whole, and I mean into everyone’s society. Because in the new neo-liberal order, psychopaths spring up like mushrooms. Psychopathy is the crop that gets favored most, together with that of transgenic soybeans. They are transgenic psychopaths fed with Kelloggs watered with glyphosate.

We must ask ourselves these things because it is not enough to accuse the corporations of all the evils of this world. Their bad practices thrive in societies of authoritarian tradition that prevail in most Latin American countries (and increasingly everywhere) where the armed man is worshiped, and solidarity or the disinterested struggle for the common good is considered a dishonor. It is a cult of death and weapons that spread everywhere with fascism, and that also corrodes American society. The “perverse” exaltation of the bully, on the part of both men and women, intensifies with the crisis and threatens to plunge us all into a new global conflagration of apocalyptic consequences. The new times, and the new model propose the villain as a hero. We can not get tired of repeating it: the money to pay the thugs and murderers was foreign, but the murderers are native.

Chiquita has changed ownership (supposedly, because it is impossible to know who is hiding behind that innocent-looking name), but it does not seem to be willing to change its practices. And now it is engaged in breaking the strikes, utilizing the Honduran army, which is actually the army of Chiquita. We saw this in La Lima, Colonia San José not long ago,where 400 workers were shot, and several of them were tortured. Chiquita Honduras dismissed 105 workers in retaliation, and 34 arrest warrants were issued against the leaders of the strike committee.

The links that Chiquita Brands maintained with prominent figures of the American political and economic panorama are very clear. Many accuse it of being behind the coup that ousted Zelaya. Chiquita was represented by a powerful US law firm, Covington & Burling LLP and its consulting firm, McLarty Associates. President Obama’s Attorney General, Eric Holder, was a Covington partner and defense attorney for Chiquita when the company was accused of hiring the death squads in Colombia. George W. Bush’s ambassador to the UN, John Bolton, currently Trump’s national security adviser, worked as a lawyer for that firm, and the vice president of McLarty Associates was none other than John Negroponte, who played a leading role in the Contra war against Sandinista Nicaragua.

The organizations and individuals that conspire in Honduras are undoubtedly the same ones that want to put an end to the Nicaraguan democracy by disguising themselves as a non-profit or an altruistic organization, now named the Western Hemisphere Institute for Security Cooperation. The old School of the Americas, where General Romeo Vásquez did his studies as coup supporter, has graduated to a new name just as Vásquez graduated “cum laude” in the techniques of torture, intimidation, and extermination. The fact that such a school remains open despite its bloody history of dishonor and infamy, gives us an idea of how highly it is esteemed in the new world order (which is the same as the old one, but only worse). The degree of impunity which war criminals walking free enjoy, is rampant. We need a non-profit or philanthropic organization that tells us which NGOs are worthy of the name, and that does not include the Cosa Nostra or the Ndrangheta among its members, who will very soon call themselves philanthropic organizations. I recommend Front Line Defenders, committed to the clarification of the murder of the defender of the land, and president of Muca, Jose Angel Flores as well as the defender Mr. Silmer. Another black chapter in the history of Honduras that deserves a separate essay.

If we try to find out the nationality of a corporation like Chiquita, we enter an authentic labyrinth where it is difficult not to get lost. According to some sources it is – in theory – Swiss. Switzerland, the homeland of evaded fortunes is an ideal country and opaque as no other to hide your gains, but its headquarters is in the canton of Vaud and in Florida, which means that it has at least a double nationality. The Safra Cutrale group that acquired it not long ago is an international network of companies that has its headquarters in Sao Paulo, that is, in Brazil, the perfect country to establish the headquarters of a corporation like that one, now that Bolsonaro and the ultra-right is ruling it. Did the executives of Chiquita decide to make the company Brazilian because, in a country as corrupt as that one, where judges send to prison whoever pleases them based on the false testimonies on the part of criminals without credence, their crimes would never come to light?

Safra and Cutrale, the new owners of Chiquita, not only commercialize bananas, but they also commercialize transgenic soybeans, which is a crop that spreads like fascist cancer through Argentina, Paraguay and Brazil, and just as neoliberalism, takes hold of those countries. The cultivation of soybeans thrives and already represents 50 percent of the arable land in Argentina. This, however, compromises food security and contributes to spreading the hunger that its defenders say they intend to fight. Violent expulsion of farmers from their lands and introducing changes in legislation that favor the cultivation of these crops, support the concentration of land and wealth in a few hands. It is hugely ironic that the profits of such crops are dedicated to paying the national debt contracted by corrupt politicians or members of the army following the wise advice of the IMF. As many already know, this institution is expert in ruining the economy of countries with the only objective being to fatten their accounts and those of the financial funders who are very savvy in tricks of all kinds. These fraudulent practices deserve a separate essay.

Transgenic soybeans (generously irrigated with Monsanto’s carcinogenic insecticide) not only threaten Argentina’s food security, but it is also a threat to health throughout the world since such poisonous pesticide has been found in alarming proportions in a multitude of foods consumed everywhere. The oppression in the Americas don’t come free of charge for the rest of us: we get it served on a tray, food dressed with carcinogenic. Pharmaceutical lobbies (Monsanto merged with Bayern not long ago) are very active bribing or pressuring European MEPs (like Richard Ashworth and John Agnew) who dine together in restaurants serving organic food. Of course, the glyphosate is left for the masses.[1]

Thus, if Honduras is described as a banana republic, we can already speak of a soy republic in Brazil, Paraguay, and Argentina, or would it be better to call them soy dictatorships? Monsanto impoverishes us all as it impoverishes the variety of seeds and degrades and sickens them; suppressing small farmers and suppressing diversity in agriculture and putting countries on their knees before the big foreign capital corporations of the food, pharmaceutical and armaments complex.  The foreign based bankers can only but smile.  

Honduras is a priority; together with El Salvador and Guatemala it is the cornerstone where the lies and the tyranny in the Americas, need many schools. Its freedom is the freedom of all of us. That is why it is so important that we help it to free itself so that Honduras exports not only bananas but liberty and justice to the rest of the continent.

[1] https://corporateeurope.org/food-and-agriculture/2017/10/last-minute-pro-roundup-lobbying-ahead-high-level-monsantopapers

WHAT U.S. HEGEMONY IS, HOW IT STARTED, AND WHEN • ERIC ZUESSE #usHegemony #mic #foreverWars

Published on July 15, 2022

Source: South Front

Written by Eric Zuesse

An unquestioned assumption amongst America’s Establishment is that the global dominance that America inherited from having been the last of the major world powers to enter World War II, and from having suffered (by far) the least damage from that War, needs to continue in perpetuity, and that it needs to become total U.S. dominance over the entire planet, and especially dominance over the world’s largest nation, Russia, which is 1.77 times larger than America (the world’s third-largest country) is.

(Russia is 1.74 times larger than Canada, the world’s second-largest country, is; and is 1.78 times larger than China, which is the world’s fourth-largest. It is 2.01 times larger than the 5th-largest, Brazil; and is 2.20 times larger than the 6th-largest, Australia. It is 5.20 times larger than the 7th-largest, India. So, there are only 6 giant countries: Russia, Canada, America, China, Brazil, and Australia.) The term that many scholars use to refer to this belief — this objective, that America’s dominance over the entire world would be good instead of bad — is “hegemony”. Here, this belief will be explained.

Historically, any nation’s Establishment (its aristocracy and their employees and other agents) seeks to control as much of the world’s natural resources as possible, and this craving by them is the leading cause of wars. Russia, as the world’s largest nation, is also the world’s richest in natural resources. That is the main reason why the thousand-or-so people who control America (who mainly are America’s billionaires, America’s richest and best-connected individuals) want, more than anything else, to control Russia, which they don’t YET control. Their top mutually shared (virtually unanimous, if not 100% unanimous) assumption is that, however this is to be done, America needs to achieve control over Russia — that it is a good, instead of a bad, objective to pursue. If any member of America’s Establishment does NOT hold this objective, then that person would be shunned by all of his or her colleagues, and would consequently become targeted by all of them for defeat or conquest, destroying that person’s reputation and/or enterprises. Consequently, none comes forth publicly in opposition to this objective, which is called “U.S. hegemony” when it is not being labelled instead by benign-sounding ideological terms or phrases such as “democracy,” “freedom,” “the American way,” “the liberal international order,” or “the rules-based international order,” all of which presume that America’s continued and increased control over the world will help, instead of hinder, such alleged “values” — which really are global conquest, however that is to be achieved. So, the public join in: they (as workers for, or other agents of, those extremely wealthy individuals), likewise favor continued, and increased, U.S. global rule, hegemony. This goal is accepted by America’s public, as-if it were the very meaning of being an American ‘patriot’, and to oppose it is thus ‘unpatriotic’. This belief, in the virtuousness of extending yet further the American empire, is also the reason why the highest-respected of all institutions in America is “the military.”

Prior to 1898, America had been only a confused but largely democratic country, and not yet an imperialistic capitalist, or “fascist,” country, such as it has been ever since then, except during the Presidency of Franklin Delano Roosevelt (1933-1945), when America was — for only that brief time-span — the most fully democratic country that it has ever been. Almost immediately after WW II, America became, even more than it ever had been, an imperialistic capitalist country, effectively controlled by its military-industrial complex, which never before even had existed. This is the reason why U.S. President Harry S. Truman (inspired by the advice that he had received from his hero, Dwight David Eisenhower — “Ike” — the most gifted liar of anyone who became America’s President, except for Barack Obama) created, in 1947, both the U.S. Department of ‘Defense’ (America’s first-ever standing army — which had been condemned by America’s Founders, but Truman and the U.S. Congress dismissed that concern) and the CIA (for producing coups, which America started doing in 1948 Thailand).

Ever since 25 July 1945 (only months after FDR’s 12 April 1945 death), America has been a fascist-imperialist country, under the ideological guise of being ‘anti-communist’ until 1991, when communism ended in Russia and President G.H.W. Bush committed the U.S. and its allies secretly on 24 February 1990 to being simply anti-Russian, even without any continuing ideological excuse, at all, remaining. This new America is today’s version of Nazi Germany, hyper-militaristic, a nation with global ambitions of conquest: aspiring for control over all countries.

Here is a good list of this new, fascist-imperialist, America’s, invasions, ever since the end of WW II — ever since, actually, 25 July 1945 (when the decision was first made for the U.S. Government to take over the entire planet). Few, if any, of those 161 foreign deployments of U.S. troops served U.S. national security (such as the U.S. regime claimed), but all served U.S. billionaires and were propagandized-for by U.S.-and-allied ‘news’-media, at the time, so as to fool the public into believing that this was being done for “national defense” and “democracy” and “human rights” and “freedom,” when it was actually being done for imperialism to benefit America’s billionaires — to increase their access to the least expensive natural resources. As can be seen from that list, the U.S. Government is, now, and long has been (ever since 25 July 1945), controlled by its Military-Industrial Complex, or, more precisely, by America’s hundreds of billionaires who own control over America’s top 100 ‘defense’ (aggression) firms. Those are the only people who gain from U.S. imperialism. Everybody else loses from it, and many millions of people lose their lives because of it — because of these billionaires, who hide their identities behind fronts such as “BlackRock” and “Vanguard” and “State Street”, so that their guilt won’t become known, for what they do, and how they do it.

In addition to conquests by means of invasions, the hegemoniacal President Truman also initiated the long and continuing string of U.S. coups by the CIA, which he created in 1947 as an adjunct to the U.S. ‘Defense’ Department, in order to do dirty work for both that Department and the State Department. The CIA-edited and written Wikipedia (which blacklists — blocks from linking to — sites that aren’t CIA-approved) has a (probably intentionally) incomplete list of “U.S. coups” that excludes both the earliest one, which overthrew and replaced Thailand’s Government in 1948, and the latest one, which overthrew and replaced Ukraine’s Government in 2014, and the Wikipedia article is (likewise probably intentionally) mis-titled “United States involvement in regime change” (a title that few people will Web-search for), instead of “U.S. coups” (a title that many people Web-search for). Obviously, the CIA doesn’t want people to be able easily to find the list of U.S. coups that it contains. However, that list of 45 U.S. coups (all of which occurred, of course, after 1947) is the most-nearly-complete one that is presently on the Web, and you can see that list here. All of the instances of “United States involvement in regime change” that pre-date the CIA’s creation in 1947 were of a fundamentally different type, not U.S. coups, because there didn’t even exist, prior to the CIA, a U.S. agency to plan and carry out coups. So, there have been at least 47 U.S. coups since 1947 (those 45, plus the 1948 one in Thailand, and the 2014 one in Ukraine).

So: after WW II, the U.S. regime perpetrated at least 130+ U.S. invasions (out of 161 foreign military deployments of U.S. troops during 1945-2021, not even including The U.S. Government’s usage of proxy-forces instead of U.S. troops, such as is now the U.S. regime’s standard way of invading, because it’s far cheaper to do).

After World War II ended, the U.S. regime slaughtered or assisted in slaughtering, between 1945 and 2007 (and not even counting more recently, such as in Syria and Yemen), “between 20 and 30 million people in wars and conflicts scattered over the world”. (This count also doesn’t include the numbers, such as in Iraq after the 1990 war, which died as a result of U.S.-initiated sanctions against countries that America’s billionaires wanted to bring under their control that weren’t yet under their control.)

There is every indication that the U.S. regime is even planning to ‘win’ a nuclear war against Russia if America’s preparation of a U.S.-led NATO Operation Barbarossa II (successor to Hitler’s plan) against Russia fails to materialize like they hope it will.

As a consequence of the reality of post-1944 America’s being fascist-imperialist (and its consequent record of doing far more invasions, coups, and sanctions, than any other country does), overwhelmingly the highest percentage of people polled throughout the world on questions of which country poses the greatest or biggest threat to peace in the world say that that country is the United States. No other country comes even close. Soon after Hitler left off, Trumanite America continued on, and far more successfully, but for America’s billionaires, instead of for Germany’s.

Investigative historian Eric Zuesse’s next book (soon to be published) will be AMERICA’S EMPIRE OF EVIL: Hitler’s Posthumous Victory, and Why the Social Sciences Need to Change. It’s about how America took over the world after World War II in order to enslave it to U.S.-and-allied billionaires. Their cartels extract the world’s wealth by control of not only their ‘news’ media but the social ‘sciences’ — duping the public.

Trilateral Commission • Two Ways of Looking at it

The following diagram shows members/entities that are directly plucked from the membership list of the Trilateral Commission as of September 2021 (green represent former members).

The first diagram shows the member and the node linked to each member is the entity/event that they are famous for.

The second diagram explains the impact of each node on the material conditions in America and then the world – that we all live under each and every day.

A SELF-FULFILLING PROPHECY: SYSTEMIC COLLAPSE AND PANDEMIC SIMULATION • Philosophical Salon

By: Fabio Vighi

Source: Original Article

A year and a half after the arrival of Virus, some may have started wondering why the usually unscrupulous ruling elites decided to freeze the global profit-making machine in the face of a pathogen that targets almost exclusively the unproductive (over 80s). Why all the humanitarian zeal? Cui bono? Only those who are unfamiliar with the wondrous adventures of GloboCap can delude themselves into thinking that the system chose to shut down out of compassion. Let us be clear from the start: the big predators of oil, arms, and vaccines could not care less about humanity.

Follow the money
In pre-Covid times, the world economy was on the verge of another colossal meltdown. Here is a brief chronicle of how the pressure was building up:

June 2019: In its Annual Economic Report, the Swiss-based Bank of International Settlements (BIS), the ‘Central Bank of all central banks’, sets the international alarm bells ringing. The document highlights “overheating […] in the leveraged loan market”, where “credit standards have been deteriorating” and “collateralized loan obligations (CLOs) have surged – reminiscent of the steep rise in collateralized debt obligations [CDOs] that amplified the subprime crisis [in 2008].” Simply stated, the belly of the financial industry is once again full of junk.

9 August 2019: The BIS issues a working paper calling for “unconventional monetary policy measures” to “insulate the real economy from further deterioration in financial conditions”. The paper indicates that, by offering “direct credit to the economy” during a crisis, central bank lending “can replace commercial banks in providing loans to firms.”

15 August 2019: Blackrock Inc., the world’s most powerful investment fund (managing around $7 trillion in stock and bond funds), issues a white paper titled Dealing with the next downturn. Essentially, the paper instructs the US Federal Reserve to inject liquidity directly into the financial system to prevent “a dramatic downturn.” Again, the message is unequivocal: “An unprecedented response is needed when monetary policy is exhausted and fiscal policy alone is not enough. That response will likely involve ‘going direct’”: “finding ways to get central bank money directly in the hands of public and private sector spenders” while avoiding “hyperinflation. Examples include the Weimar Republic in the 1920s as well as Argentina and Zimbabwe more recently.”

22-24 August 2019: G7 central bankers meet in Jackson Hole, Wyoming, to discuss BlackRock’s paper along with urgent measures to prevent the looming meltdown. In the prescient words of James Bullard, President of the St Louis Federal Reserve: “We just have to stop thinking that next year things are going to be normal.”

15-16 September 2019: The downturn is officially inaugurated by a sudden spike in the repo rates (from 2% to 10.5%). ‘Repo’ is shorthand for ‘repurchase agreement’, a contract where investment funds lend money against collateral assets (normally Treasury securities). At the time of the exchange, financial operators (banks) undertake to buy back the assets at a higher price, typically overnight. In brief, repos are short-term collateralized loans. They are the main source of funding for traders in most markets, especially the derivatives galaxy. A lack of liquidity in the repo market can have a devastating domino effect on all major financial sectors.

17 September 2019: The Fed begins the emergency monetary programme, pumping hundreds of billions of dollars per week into Wall Street, effectively executing BlackRock’s “going direct” plan. (Unsurprisingly, in March 2020 the Fed will hire BlackRock to manage the bailout package in response to the ‘COVID-19 crisis’).

19 September 2019: Donald Trump signs Executive Order 13887, establishing a National Influenza Vaccine Task Force whose aim is to develop a “5-year national plan (Plan) to promote the use of more agile and scalable vaccine manufacturing technologies and to accelerate development of vaccines that protect against many or all influenza viruses.” This is to counteract “an influenza pandemic”, which, “unlike seasonal influenza […] has the potential to spread rapidly around the globe, infect higher numbers of people, and cause high rates of illness and death in populations that lack prior immunity”. As someone guessed, the pandemic was imminent, while in Europe too preparations were underway (see here and here).

18 October 2019: In New York, a global zoonotic pandemic is simulated during Event 201, a strategic exercise coordinated by the Johns Hopkins Biosecurity Center and the Bill and Melinda Gates Foundation.

21-24 January 2020: The World Economic Forum’s annual meeting takes place in Davos, Switzerland, where both the economy and vaccinations are discussed.

23 January 2020: China puts Wuhan and other cities of the Hubei province in lockdown.

11 March 2020: The WHO’s director general calls Covid-19 a pandemic. The rest is history.

Joining the dots is a simple enough exercise. If we do so, we might see a well-defined narrative outline emerge, whose succinct summary reads as follows: lockdowns and the global suspension of economic transactions were intended to 1) Allow the Fed to flood the ailing financial markets with freshly printed money while deferring hyperinflation; and 2) Introduce mass vaccination programmes and health passports as pillars of a neo-feudal regime of capitalist accumulation. As we shall see, the two aims merge into one.

In 2019, world economy was plagued by the same sickness that had caused the 2008 credit crunch. It was suffocating under an unsustainable mountain of debt. Many public companies could not generate enough profit to cover interest payments on their own debts and were staying afloat only by taking on new loans. ‘Zombie companies’ (with year-on-year low profitability, falling turnover, squeezed margins, limited cashflow, and highly leveraged balance sheet) were rising everywhere. The repo market meltdown of September 2019 must be placed within this fragile economic context.

When the air is saturated with flammable materials, any spark can cause the explosion. And in the magical world of finance, tout se tient: one flap of a butterfly’s wings in a certain sector can send the whole house of cards tumbling down. In financial markets powered by cheap loans, any increase in interest rates is potentially cataclysmic for banks, hedge funds, pension funds and the entire government bond market, because the cost of borrowing increases and liquidity dries up. This is what happened with the ‘repocalypse’ of September 2019: interest rates spiked to 10.5% in a matter of hours, panic broke out affecting futures, options, currencies, and other markets where traders bet by borrowing from repos. The only way to defuse the contagion was by throwing as much liquidity as necessary into the system – like helicopters dropping thousands of gallons of water on a wildfire. Between September 2019 and March 2020, the Fed injected more than $9 trillion into the banking system, equivalent to more than 40% of US GDP.

The mainstream narrative should therefore be reversed: the stock market did not collapse (in March 2020) because lockdowns had to be imposed; rather, lockdowns had to be imposed because financial markets were collapsing. With lockdowns came the suspension of business transactions, which drained the demand for credit and stopped the contagion. In other words, restructuring the financial architecture through extraordinary monetary policy was contingent on the economy’s engine being turned off. Had the enormous mass of liquidity pumped into the financial sector reached transactions on the ground, a monetary tsunami with catastrophic consequences would have been unleashed.

As claimed by economist Ellen Brown, it was “another bailout”, but this time “under cover of a virus.” Similarly, John Titus and Catherine Austin Fitts noted that the Covid-19 “magic wand” allowed the Fed to execute BlackRock’s “going direct” plan, literally: it carried out an unprecedented purchase of government bonds, while, on an infinitesimally smaller scale, also issuing government backed ‘COVID loans’ to businesses. In brief, only an induced economic coma would provide the Fed with the room to defuse the time-bomb ticking away in the financial sector. Screened by mass-hysteria, the US central bank plugged the holes in the interbank lending market, dodging hyperinflation as well as the ‘Financial Stability Oversight Council’ (the federal agency for monitoring financial risk created after the 2008 collapse), as discussed here. However, the “going direct” blueprint should also be framed as a desperate measure, for it can only prolong the agony of a global economy increasingly hostage to money printing and the artificial inflation of financial assets.

At the heart of our predicament lies an insurmountable structural impasse. Debt-leveraged financialization is contemporary capitalism’s only line of flight, the inevitable forward-escape route for a reproductive model that has reached its historical limit. Capitals head for financial markets because the labour-based economy is increasingly unprofitable. How did we get to this?

The answer can be summarised as follows: 1. The economy’s mission to generate surplus-value is both the drive to exploit the workforce and to expel it from production. This is what Marx called capitalism’s “moving contradiction”.[1] While it constitutes the essence of our mode of production, this contradiction today backfires, turning political economy into a mode of permanent devastation. 2. The reason for this change of fortune is the objective failure of the labour-capital dialectic: the unprecedented acceleration in technological automation since the 1980s causes more labour-power to be ejected from production than (re)absorbed. The contraction of the volume of wages means that the purchasing power of a growing part of the world population is falling, with debt and immiseration as inevitable consequences. 3. As less surplus-value is produced, capital seeks immediate returns in the debt-leveraged financial sector rather than in the real economy or by investing in socially constructive sectors like education, research, and public services.

The bottom line is that the paradigm shift underway is the necessary condition for the (dystopian) survival of capitalism, which is no longer able to reproduce itself through mass wage-labour and the attendant consumerist utopia. The pandemic agenda was dictated, ultimately, by systemic implosion: the profitability downturn of a mode of production which rampant automation is making obsolete. For this immanent reason, capitalism is increasingly dependent on public debt, low wages, centralisation of wealth and power, a permanent state of emergency, and financial acrobatics.

If we ‘follow the money’, we will see that the economic blockade deviously attributed to Virus has achieved far from negligible results, not only in terms of social engineering, but also of financial predation. I will quickly highlight four of them.

1) As anticipated, it has allowed the Fed to reorganise the financial sector by printing a continuous stream of billions of dollars out of thin air; 2) It has accelerated the extinction of small and medium-sized companies, allowing major groups to monopolise trade flows; 3) It has further depressed labour wages and facilitated significant capital savings through ‘smart working’ (which is particularly smart for those who implement it); 4) It has enabled the growth of e-commerce, the explosion of Big Tech, and the proliferation of the pharma-dollar – which also includes the much disparaged plastic industry, now producing millions of new facemasks and gloves every week, many of which end up in the oceans (to the delight of the ‘green new dealers’). In 2020 alone, the wealth of the planet’s 2,200 or so billionaires grew by $1.9 trillion, an increase without historical precedent. All this thanks to a pathogen so lethal that, according to official data, only 99.8% of the infected survive (see here and here), most of them without experiencing any symptoms.

Doing capitalism differently

The economic motif of the Covid whodunit must be placed within a broader context of social transformation. If we scratch the surface of the official narrative, a neo-feudal scenario begins to take form. Masses of increasingly unproductive consumers are being regimented and cast aside, simply because Mr Global no longer knows what to do with them. Together with the underemployed and the excluded, the impoverished middle-classes are now a problem to be handled with the stick of lockdowns, curfews, mass vaccination, propaganda, and the militarisation of society, rather than with the carrot of work, consumption, participatory democracy, social rights (replaced in collective imagination by the civil rights of minorities), and ‘well-earned holidays.’

It is therefore delusional to believe that the purpose of lockdowns is therapeutic and humanitarian. When has capital ever cared for the people? Indifference and misanthropy are the typical traits of capitalism, whose only real passion is profit, and the power that comes with it. Today, capitalist power can be summed up with the names of the three biggest investment funds in the world: BlackRock, Vanguard and State Street Global Advisor. These giants, sitting at the centre of a huge galaxy of financial entities, manage a mass of value close to half the global GDP, and are major shareholders in around 90% of listed companies. Around them gravitate transnational institutions like the International Monetary Fund, the World Bank, the World Economic Forum, the Trilateral Commission, and the Bank for International Settlements, whose function is to coordinate consensus within the financial constellation. We can safely assume that all key strategic decisions – economic, political and military – are at least heavily influenced by these elites. Or do we want to believe that Virus has taken them by surprise? Rather, SARS-CoV-2 – which, by admission of the CDC and the European Commission has never been isolated nor purified – is the name of a special weapon of psychological warfare that was deployed in the moment of greatest need.

Why should we trust a mega pharmaceutical cartel (the WHO) that is not in charge of ‘public health’, but rather of marketing private products worldwide at the most profitable rates possible? Public health problems stem from abysmal working conditions, poor nutrition, air, water, and food pollution, and above all from rampant poverty; yet none of these ‘pathogens’ are on the WHO’s list of humanitarian concerns. The immense conflicts of interest between the predators of the pharmaceutical industry, national and supranational medical agencies, and the cynical political enforcers, is now an open secret. No wonder that on the day COVID-19 was classified as a pandemic, the WEF, together with the WHO, launched the Covid Action Platform, a “protection of life” coalition run by over 1,000 of the world’s most powerful private companies.

The only thing that matters for the clique directing the health emergency orchestra is to feed the profit-making machine, and every move is planned to this end, with the support of a political and media front motivated by opportunism. If the military industry needs wars, the pharmaceutical industry needs diseases. It is no coincidence that ‘public health’ is by far the most profitable sector of the world economy, to the extent that Big Pharma spends about three times as much as Big Oil and twice as much as Big Tech on lobbying. The potentially endless demand for vaccines and experimental gene concoctions offers pharmaceutical cartels the prospect of almost unlimited profit streams, especially when guaranteed by mass vaccination programmes subsidised by public money (i.e., by more debt that will fall on our heads).

Why have all Covid treatments been criminally banned or sabotaged? As the FDA candidly admits, the use of emergency vaccines is only possible if “there are no suitable, approved and available alternatives”. A case of truth hidden in plain sight. Moreover, the current vaccine religion is closely linked to the rise of the pharma-dollar, which, by feeding on pandemics, is set to emulate the glories of the ‘petro-dollar’, allowing the United States to continue to exercise global monetary supremacy. Why should the whole of humanity (including children!) inject experimental ‘vaccines’ with increasingly worrying yet systematically downplayed adverse effects, when more than 99% of those infected, the vast majority asymptomatic, recover? The answer is obvious: because vaccines are the golden calf of the third millennium, while humanity is ‘last generation’ exploitation material in guinea pig modality.

Given this context, the staging of the emergency pantomime succeeds through an unheard-of manipulation of public opinion. Every ‘public debate’ on the pandemic is shamelessly privatised, or rather monopolised by the religious belief in technical-scientific committees bankrolled by the financial elites. Every ‘free discussion’ is legitimised by adherence to pseudo-scientific protocols carefully purged from the socio-economic context: one ‘follows the science’ while pretending not to know that ‘science follows the money’. Karl Popper’s famous statement that “real science” is only possible under the aegis of liberal capitalism in what he called “the open society”,[1] is now coming true in the globalist ideology that animates, among others, George Soros’s Open Society Foundation. The combination of “real science” and “open and inclusive society” makes the Covid doctrine almost impossible to challenge.

For COVID-19, then, we could imagine the following agenda. A fictitious narrative is prepared based on an epidemic risk presented in such a way as to promote fear and submissive behaviour. Most likely a case of diagnostic reclassification. All that is needed is an epidemiologically ambiguous influenza virus, on which to build an aggressive tale of contagion relatable to geographical areas where the impact of respiratory or vascular diseases in the elderly and immunocompromised population is high – perhaps with the aggravating factor of heavy pollution. There is no need to make much up, given that intensive care units in ‘advanced’ countries had already collapsed in the years preceding the arrival of Covid, with mortality peaks for which no one had dreamed of exhuming quarantine. In other words, public health systems had already been demolished, and thus prepared for the pandemic scenario.

But this time there is method in madness: a state of emergency is declared, which triggers panic, in turn causing the clogging up of hospitals and care homes (at high risk of sepsis), the application of nefarious protocols, and the suspension of medical care. Et voilà, the killer Virus becomes a self-fulfilling prophecy! The propaganda raging across the main centres of financial power (especially North America and Europe) is essential to maintaining the ‘state of exception’ (Carl Schmitt), which is immediately accepted as the only possible form of political and existential rationality. Entire populations exposed to heavy media bombardment surrender through self-discipline, adhering with grotesque enthusiasm to forms of ‘civic responsibility’ in which coercion morphs into altruism.

The whole pandemic script – from the ‘contagion curve’ to the ‘Covid deaths’ – rests on the PCR test, which was authorised for the detection of SARS-CoV-2 by a study produced in record time on commission from the WHO. As many will know by now, the diagnostic unreliability of the PCR test was denounced by its inventor himself, Nobel laureate Kary Mullis (unfortunately passed away on 7 August 2019), and recently reiterated by, among others, 22 internationally renowned experts who demanded its removal for clear scientific flaws. Obviously, the request fell on deaf ears.

The PCR test is the driving force behind the pandemic. It works through the infamous ‘cycle thresholds’: the more cycles you make, the more false positives (infections, Covid-deaths) you produce, as even guru Anthony Fauci recklessly admitted when he stated that swabs are worthless above 35 cycles. Now, why is it that during the pandemic, amplifications of 35 cycles or more were routinely carried out in laboratories all over the world? Even the New York Times – certainly not a den of dangerous Covid-deniers – raised this key question last summer. Thanks to the sensitivity of the swab, the pandemic can be turned on and off like a tap, allowing the health regime to exert full control over the ‘numerological monster’ of Covid cases and deaths – the key instruments of everyday terror.

All this fearmongering continues today, despite the easing of some measures. To understand why, we should return to the economic motif. As noted, several trillions of newly printed cash have been created with a few clicks of a mouse by central banks and injected into financial systems, where they have in great part remained. The aim of the printing-spree was to plug calamitous liquidity gaps. Most of this ‘magic-tree money’ is still frozen inside the shadow banking system, the stock exchanges, and various virtual currency schemes that are not meant to be used for spending and investment. Their function is solely to provide cheap loans for financial speculation. This is what Marx called ‘fictitious capital’, which continues to expand in an orbital loop that is now completely independent of economic cycles on the ground.

The bottom line is that all this cash cannot be allowed to flood the real economy, for the latter would overheat and trigger hyperinflation. And this is where Virus continues to come in handy. If it initially served to “insulate the real economy” (to quote again from the BIS paper), it now oversees its tentative reopening, characterized by submission to the vaccination dogma and chromatic methods of mass regimentation, which may soon include climate lockdowns. Remember how we were told that only vaccines would give us back our ‘freedom’? All too predictably, we now discover that the road to freedom is littered with ‘variants’, that is to say, iterations of Virus. Their purpose is to increase the ‘case count’ and therefore prolong those states of emergency that justify central banks’ production of virtual money aimed at monetizing debt and financing deficits. Rather than returning to normal interest rates, the elites opt to normalize the health emergency by feeding the contagion ghost. The much-publicised ‘tapering’ (reduction of monetary stimulus) can therefore wait – just like Pandexit.

In the EU, for instance, the European Central Bank’s €1.85 trillion ‘pandemic emergency purchase program’, known as PEPP, is currently set to continue until March 2022. However, it has been intimated it might need to be extended beyond that date. In the meantime, the Delta variant is wreaking havoc on the travel and tourism industry, with new restrictions (including quarantine) disrupting the summer season. Again, we seem to be caught within a self-fulfilling prophecy (especially if, as Nobel laureate Luc Montagnier and many others have intimated, variants, however mild, are the consequence of aggressive mass vaccination campaigns). Whatever the case, the fundamental point is that Virus is still needed by senile capitalism, whose only chance of survival depends on generating a paradigm shift from liberalism to oligarchic authoritarianism.

While their crime is far from perfect, the orchestrators of this global coup must nevertheless be credited with a certain sadistic brilliance. Their sleight of hand succeeded, perhaps even beyond expectations. However, any power aiming at totalisation is destined to fail, and this applies also to the high priests of the Covid religion and the institutional puppets they have mobilised to roll out the health emergency psyop. After all, power tends to delude itself about its omnipotence. Those sitting in the control room fail to realise the extent to which their dominance is uncertain. What they do not see is that their authority depends on a ‘higher mission’, to which they remain partly blind, namely the anonymous self-reproduction of the capitalist matrix. Today’s power lies with the profit-making machine whose only purpose is to continue its reckless journey, potentially leading to the premature extinction of Homo sapiens. The elites who have conned the world into Covid-obedience are the anthropomorphic manifestation of the capitalist automaton, whose invisibility is as cunning as that of Virus itself. And the novelty of our era is that the ‘locked-down society’ is the model that best guarantees the reproducibility of the capitalist machine, irrespective of its dystopian destination.

Notes:

[1] Karl Marx, Grundrisse (London: Penguin, 1993), 706.

[2] Karl Popper, The Open Society and its Enemies, 2 volumes (Princeton: Princeton UP, 2013).

There is More to BlackRock Than You Might Imagine — Desultory Heroics

By F. William Engdahl Source: New Eastern Outlook A virtually unregulated investment firm today exercises more political and financial influence than the Federal Reserve and most governments on this planet. The firm, BlackRock Inc., the world’s largest asset manager, invests a staggering $9 trillion in client funds worldwide, a sum more than double the annual […]

There is More to BlackRock Than You Might Imagine — Desultory Heroics

Former BlackRock Executive Blows the Whistle on Greenwashing

Surprised to read this in Bloomberg:

With so much money flowing into securities deemed compatible with environmental, social and governance standards, the risk of asset managers disingenuously promoting their offerings as being ESG compliant is high and rising. Unfortunately, new European Union rules designed to delineate the industry’s performance will likely lead to more greenwashing, not less.

Last week, Tariq Fancy, the former chief investment officer for sustainable investing at BlackRock Inc., the world’s biggest asset manager overseeing $8.7 trillion, castigated the industry’s duplicity, in an article for USA Today:

“In truth, sustainable investing boils down to little more than marketing hype, PR spin and disingenuous promises from the investment community. Existing mutual funds are cynically rebranded as ‘green’ — with no discernible change to the fund itself or its underlying strategies — simply for the sake of appearances and marketing purposes.”

The numbers back him up. According to data compiled by Morningstar Inc., more than 250 existing European funds changed their investment objectives to adopt an ESG stance last year, with almost all of them rebranding to reflect the purported change. Color me skeptical: With ESG funds pulling in almost 100 billion euros ($120 billion) of new new money in the fourth quarter, which Morningstar reckons was 45% of total fund inflows, the temptation to stick an ESG badge on all funds is proving irresistible. 

Earlier this month, the EU introduced the Sustainable Finance Disclosure Regulation, a suite of rules aimed at policing how the fund management industry deals with the climate emergency. The aim is laudable; but the law of unintended consequences means the attempt at codification is likely to backfire.

The new rules basically create three classifications of European funds. One category — Article 9 in the taxonomy — is designed to encapsulate what are commonly called impact funds, where the objective is to proactively allocate capital to projects such as renewable energy or health care or clean water. Also dubbed “dark green” investments, these comprise the smallest and most intensive category of ESG products.

The second designation — Article 8 — covers the remaining “light green” ESG suite, or funds that have “environmental or social characteristics.” That would cover products that exclude some securities based on their environmental unfriendliness or other criteria deemed unacceptable.

The rest of the fund universe should fall into the Article 6 grade, designed to encompass investments that ignore any and all of the criteria that their ESG brethren take into account when deciding what to buy.

But there’s a problem. In the current investing climate, there’s absolutely no incentive for a salesforce to pitch an Article 6 fund to a customer. Asset allocation committees want to be seen doing the right thing, so any funds that are not explicitly ESG-friendly effectively become market pariahs. This creates a strong temptation to classify all funds under Article 8, even if they’re measured against non-ESG benchmarks and their securities selections don’t take such concerns into account.

David Czupryna, the Paris-based head of ESG development at Candriam, which manages about $143 billion in assets, says that the aim of the three-pronged classification, and the accompanying rules on mandatory disclosures, was to “dissuade would-be half-hearted ESG asset managers from emphasizing sustainability.” By setting a high enough bar for Article 8 and 9 funds, only truly sustainable portfolios would qualify. However, fear of missing out on the cash flowing into green funds can also incentivize playing fast and loose with the rules.

Fancy, the former BlackRock executive, argues that the marketing efforts of the asset management industry are “a placebo” for addressing the climate crisis and shouldn’t replacegovernment action. “A ‘free market’ will not correct itself or fix the problem by its own accord,” he wrote. 

It would be a shame if the EU’s genuine attempt to impose some order on the green funds landscape, which is currently a bit of a Wild West,backfires. But as Huw van Steenis, the chairman of sustainable finance at UBS AG, wrote for Bloomberg Opinion last week, the bloc’s methodology is both too strict and too broad, excluding some investments that should be deemed green as well as firms that are becoming more carbon neutral.

Given that every asset manager claims to have ESG at the heart of their investment process these days, they can claim to qualify as Article 8 under the new taxonomy. People seeking to do no harm with their cash will need to be even more vigilant in ensuring their funds are really as green as they say they are.

Post #2 – Modern Globalists behind Agenda 2030 / Great Reset – Larry Fink and BlackRock

Larry Fink

  • Chairman and CEO of BlackRock
  • Board of Directors/Trustees of:
    • World Economic Forum
    • Council on Foreign Relations

In my previous post, I covered the obvious roles of the World Economic Forum and Council on Foreign Relations in the Great Reset/Agenda 2030/17 SDGs, so I want to focus on Larry Fink and BlackRock.

From the website:

BlackRock is one of the world’s leading providers of investment, advisory and risk management solutions.

BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.

The foundation of BlackRock’s business is our belief that our clients’ needs are of paramount importance. Our commitment to investment excellence is anchored in a shared culture that always places a client’s interests first, from individual investors to the world’s largest institutions. We act always as a fiduciary for our clients, never trading as a principal on our own behalf.

BlackRock’s investment approach is based on our conviction that we can combine our market insights, our global reach and scale, our proprietary technology, our culture of information sharing and our unwavering focus on risk management into an ability to deliver performance in all market environments. BlackRock is committed to providing a broad set of investment solutions for our clients, striving to achieve the best balance between risk and opportunity.

BlackRock is a truly global firm that combines the benefits of worldwide reach with local service and relationships. We manage assets for clients in North and South America, Europe, Asia, Australia, the Middle East and Africa. The firm employs approximately 13,000 talented professionals and maintains offices in more than 30 countries around the world. Our client base includes corporate, public, union and industry pension plans; governments; insurance companies; third-party mutual funds; endowments; foundations; charities; corporations; official institutions; sovereign wealth funds; banks; financial professionals; and individuals worldwide.

As of June 30, 2019, BlackRock’s assets under management total US$6.84 trillion across equity, fixed income, cash management, alternative investment, real estate and advisory strategies. Through BlackRock Solutions® — the natural evolution of our long-standing investment in developing sophisticated and highly integrated systems — we offer risk management, strategic advisory and enterprise investment system services to a broad base of clients.

Our firm’s ownership structure is designed to maintain the independence we believe is necessary to retain our commitments to client focus and investment excellence. BlackRock, Inc. (NYSE: BLK) has no single majority stockholder and has a majority of independent directors.

BlackRock – instituting a new methodology for the guidance of their investment products.

Noteworthy Clients
  • AIG
  • UBS
  • Bank of Greece
  • Her Majesty’s Treasury
  • Central Bank of Ireland
  • Federal Reserve Bank of NY
Strategic Partnerships
  • ING
  • AT&T
  • HSBC
  • Google
  • MetLife
  • Freddie Mac
  • Merrill Lynch
  • Morgan Stanley

Since the onset of the pandemic, a lot of BlackRock’s public releases include how they are crafting their business model for Sustainable Investing around this type of Cause/Effect scheme:

Shifting Economic Power

  • The political sphere of influence could shift from Washington to Beijing
  • Businesses could become more powerful than countries
  • We’re all going to need to talk Mandarin

Climate Change and Resource Scarcity

  • Western diets will become increasingly plant-based
  • Renewable energy will fully replace fossil fuels
  • Technological advancement will yield man-made materials

Demographics and Social Change

  • Substantial healthcare spending will create huge opportunity in this sector
  • Robots will replace people to plug the labour gap
  • People will need more money to fund a lengthy retirement

Rapid Urbanisation

  • A whole new city infrastructure could be required
  • Car ownership will become obsolete as autonomous, summon-able cars become mainstream
  • The healthcare system will need to change to cope with demand

All as a result of:

Technological Breakthrough

  • Traditional consumer goods produced by technology companies
  • The global economy should grow as the world becomes more productive
  • Technology will enable solutions to climate change and population problems

Muunyayo SPECULATION: The above five areas foreshadow the elements we see within the Great Reset, namely:

  • China becoming the world’s economic center of power.
  • Diets consisting of plant-based foods (and BUGS!)
  • Phasing out fossil fuels (highly unrealistic).
  • Automation decimating what’s left of the working class.
  • The coming UN Smart Cities program.
  • Again, the meme’ing together of climate change and population growth. That is, migration as a human right. This is embedded within the UN’s policies for the past decade.

Measuring Sustainability

Prior to the pandemic, BlackRock adapted “Sustainability” as their catechism for Investing.

February 2020 – Big Announcement:

Notable Takeaways:

“A framework for incorporating sustainable investing in portfolio construction”

“Sustainability effects and societal attitudes will impact all assets and therefore the whole portfolio. The direct impacts of climate change and the coming capital reallocation will reshape economic fundamentals, expected returns and assessments of risk.”

MUUNYAYO SPECULATION:

  • Climate change is the unifier, combating climate change – as it has been appointed the boogeyman since Agenda 21 was first unveiled in 1992. Climate change/action is ubiquitous – it was on Biden’s platform, it is part of thousands of corporate MD&A disclosures in official SEC filings, the foundations, the think-tanks, public education, public health, local news, national news…it is safe to say that Climate Change is the underlying threat used by all entities entangled within the decision making capacity of the Great Reset which will ultimately drive the people of planet earth into the arms of Communitarianism and a One World Order.
  • Reshape Economic Fundamentals – this is a generic term for the coming Stakeholder Capitalism that is baked into every facet of the Great Reset. BlackRock has $8.676 Trillion USD in Assets Under Management. They are a leader in the Exchange Traded Funds (ETF) realm. Larry Fink, Founder, Chairman and CEO, is on the Board of the World Economic Forum. Make no mistake – BlackRock is a crucial driving force behind the execution of the Great Reset.

Check out the fear porn:

May 2020 – Progress Report on the Valuation Metrics Considered in Sustainable Investments:

Key takeaway from the following document:

“The concept of sustainable investing can mean different things. Asset owners and asset managers often operate with multiple definitions, messages and motivations. BlackRock operates from a simple definition of sustainable investing: Combining traditional investing with environmental, social, and governance-related (ESG) insights to improve long-term outcomes for our clients. Our view: Companies with strong profiles on material sustainability issues have potential to outperform those with poor profiles. In particular, we believe companies managed with a focus on sustainability should be better positioned versus their less sustainable peers to weather adverse conditions while still benefiting from positive market environments.”

“In order to account for this heterogeneity by sectors, descriptors need to be weighted appropriately by their relative importance in each sector before they are summed up to form the final score under
our research framework. For example, the score of a company in the Financial sector – which would not be a comparatively significant carbon emitter or consumer – is weighed heavily in favor of social and governance issues, and marginally on environmental issues. Such a weighting scheme has been described by the Sustainability Accounting Standards Board (SASB) as a Materiality Map. Our
framework relies on the views expressed in the SASB Materiality Map® but also augments them by overlaying additional data.”

December 2020 – BlackRock ESG Integration Statement (updated from 2018)

Environmental, Social and Corporate Governance metrics (ESGs)

ESG– Environmental, Social, and Corporate Governance refers to the three central factors in measuring the sustainability and societal impact of an investment in a company or business.

Take a close look at the subject matter contained within the three metrics. The criteria ties directly to the 17 Sustainable Development Goals set forward by UN Agenda 2030 which has been launched by the World Economic Forum’s Great Reset – of which BlackRock is a major player.

In essence, the ESGs are the implementation of the SDGs in the sphere of industry, markets and commerce. Multinational corporations will carry out their ESGs which will concurrently create the structural changes called for in the Great Reset. BlackRock is at the heart of this.

Takeaway from the Document:

BlackRock’s approach to ESG integration At BlackRock, we have always focused on helping our clients try to reach their long-term investment goals by providing resilient and well-constructed portfolios. Our investment conviction is that sustainability-and climate-integrated portfolios can provide better risk-adjusted returns to investors over the long-term, and that sustainability-related data provides an increasingly important set of tools to identify unpriced risks and opportunities within portfolios. BlackRock’s active investors are responsible for integrating material sustainability-related insights, consistent with their existing investment process, with the objective of improving long-term risk-adjusted returns. BlackRock’s firm-wide investment process is structured to identify ESG risks and opportunities alongside traditional measures within our active investment processes. ESG integration is part of both our active investment process and index investment processes and oversight. BlackRock has a consistent framework for ESG integration that also permits a diversity of approaches across different investment teams and strategies. ESG considerations that are material will vary by client objectives, investment style, sector, and market trends. Sustainability measures help inform the due diligence, portfolio construction, and monitoring processes of our active and alternatives platforms, as well as our approach to risk management. In our index investments business, we work with index providers to expand and improve the universe of sustainable indexes, and our investment stewardship processes encourage the companies in which our clients are invested to manage and disclose material sustainability risks effectively.”

MUUNYAYO’S ANALYSIS: I worked as a CPA for 20 years and audited companies within the same size and scope as BlackRock. This is all a load of horseshit….BlackRock’s fossil fuels investments look something like this:

For Fink and BlackRock, they benefit by participating in the rollout of the “The Great Reset” because for them, outside of their physical holdings in fossil fuels – Exchange-Traded Funds ARE a HUGE SCAM to use CLIMATE CHANGE ACTION as a method to erase the MASSIVE ENOURMOUS REAL FINANCIAL BLACK HOLE OF NOTHINGNESS THAT EXISTS IN THE WORLD OF ETFs.

There is more funk with Fink that we can get into another time. This man makes me sick. I am not a professional researcher, nor journalist, nor author, nor any of that shit. I just want to make blog posts that are informative. And give some insight into the people and entities that are making the Great Reset a reality.

In a very distant past…the fuckery that is the Globalist-Zionist-Supra-Technocratic Regime, a more bold response would be in high order….sword time…wolf time…..war time….

BlackRock – the New Vampire Squid

Original Article Here

BlackRock is a global financial giant with customers in 100 countries and its tentacles in major asset classes all over the world; and it now manages the spigots to trillions of bailout dollars from the Federal Reserve. The fate of a large portion of the country’s corporations has been put in the hands of a megalithic private entity with the private capitalist mandate to make as much money as possible for its owners and investors; and that is what it has proceeded to do.

To most people, if they are familiar with it at all, BlackRock is an asset manager that helps pension funds and retirees manage their savings through “passive” investments that track the stock market. But working behind the scenes, it is much more than that. BlackRock has been called “the most powerful institution in the financial system,” “the most powerful company in the world” and the “secret power.” It is the world’s largest asset manager and “shadow bank,” larger than the world’s largest bank (which is in China), with over $7 trillion in assets under direct management and another $20 trillion managed through its Aladdin risk-monitoring software.

BlackRock has also been called “the fourth branch of government” and “almost a shadow government”, but no part of it actually belongs to the government. Despite its size and global power, BlackRock is not even regulated as a “Systemically Important Financial Institution” under the Dodd-Frank Act, thanks to pressure from its CEO Larry Fink, who has long had “cozy” relationships with government officials.

BlackRock’s strategic importance and political weight were evident when four BlackRock executives, led by former Swiss National Bank head Philipp Hildebrand, presented a proposal at the annual meeting of central bankers in Jackson Hole, Wyoming, in August 2019 for an economic reset that was actually put into effect in March 2020. Acknowledging that central bankers were running out of ammunition for controlling the money supply and the economy, the BlackRock group argued that it was time for the central bank to abandon its long-vaunted independence and join monetary policy (the usual province of the central bank) with fiscal policy (the usual province of the legislature). They proposed that the central bank maintain a “Standing Emergency Fiscal Facility” that would be activated when interest rate manipulation was no longer working to avoid deflation. The Facility would be deployed by an “independent expert” appointed by the central bank.

The COVID-19 crisis presented the perfect opportunity to execute this proposal in the US, with BlackRock itself appointed to administer it. In March 2020, it was awarded a no-bid contract under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to deploy a $454 billion slush fund established by the Treasury in partnership with the Federal Reserve. This fund in turn could be leveraged to provide over $4 trillion in Federal Reserve credit. While the public was distracted with protests, riots and lockdowns, BlackRock suddenly emerged from the shadows to become the “fourth branch of government,” managing the controls to the central bank’s print-on-demand fiat money. How did that happen and what are the implications?

Rising from the Shadows: BlackRock was founded in 1988 in partnership with the Blackstone Group, a multinational private equity management firm that would become notorious after the 2008-09 banking crisis for snatching up foreclosed homes at firesale prices and renting them at inflated prices. BlackRock first grew its balance sheet in the 1990s and 2000s by promoting the mortgage-backed securities (MBS) that brought down the economy in 2008. Knowing the MBS business from the inside, it was then put in charge of the Federal Reserve’s “Maiden Lane” facilities. Called “special purpose vehicles,” these were used to buy “toxic” assets (largely unmarketable MBS) from Bear Stearns and American Insurance Group (AIG), something the Fed was not legally allowed to do itself.BlackRock really made its fortunes, however, in “exchange traded funds” (ETFs). It gained trillions in investable assets after it acquired the iShares series of ETFs in a takeover of Barclays Global Investors in 2009. By 2020, the wildly successful iShares series included over 800 funds and $1.9 trillion in assets under management.Exchange traded funds are bought and sold like shares but operate as index-tracking funds, passively following specific indices such as the S&P 500, the benchmark index of America’s largest corporations and the index in which most people invest. Today the fast-growing ETF sector controls nearly half of all investments in US stocks, and it is highly concentrated. The sector is dominated by just three giant American asset managers – BlackRock, Vanguard and State Street, the “Big Three” – with BlackRock the clear global leader.

By 2017, the Big Three together had become the largest shareholder in almost 90% of S&P 500 firms, including Apple, Microsoft, ExxonMobil, General Electric and Coca-Cola. BlackRock also owns major interests in nearly every mega-bank and in major media.

In March 2020, based on its expertise with the Maiden Lane facilities and its sophisticated Aladdin risk-monitoring software, BlackRock got the job of dispensing Federal Reserve funds through eleven “special purpose vehicles” authorized under the CARES Act. Like the Maiden Lane facilities, these vehicles were designed to allow the Fed, which is legally limited to purchasing safe federally-guaranteed assets, to finance the purchase of riskier assets in the market.Blackrock Bails Itself OutThe national lockdown left states, cities and local businesses in desperate need of federal government aid. But according to David Dayen in The American Prospect, as of May 30 (the Fed’s last monthly report), the only purchases made under the Fed’s new BlackRock-administered SPVs were ETFs, mainly owned by BlackRock itself. Between May 14 and May 20, about $1.58 billion in ETFs were bought through the Secondary Market Corporate Credit Facility (SMCCF), of which $746 million or about 47% came from BlackRock ETFs. The Fed continued to buy more ETFs after May 20, and investors piled in behind, resulting in huge inflows into BlackRock’s corporate bond ETFs.In fact, these ETFs needed a bailout; and BlackRock used its very favorable position with the government to get one. The complicated mechanisms and risks underlying ETFs are explained in an April 3 article by business law professor Ryan Clements, who begins his post:Exchange-Traded Funds (ETFs) are at the heart of the COVID-19 financial crisis. Over forty percent of the trading volume during the mid-March selloff was in ETFs ….The ETFs were trading well below the value of their underlying bonds, which were dropping like a rock. Some ETFs were failing altogether. The problem was something critics had long warned of: while ETFs are very liquid, trading on demand like stocks, the assets that make up their portfolios are not. When the market drops and investors flee, the ETFs can have trouble coming up with the funds to settle up without trading at a deep discount; and that is what was happening in March.According to a May 3 article in The National, “The sector was ultimately saved by the US Federal Reserve’s pledge on March 23 to buy investment-grade credit and certain ETFs. This provided the liquidity needed to rescue bonds that had been floundering in a market with no buyers.”Prof. Clements states that if the Fed had not stepped in, “a ‘doom loop’ could have materialized where continued selling pressure in the ETF market exacerbated a fire-sale in the underlying [bonds], and again vice-versa, in a procyclical pile-on with devastating consequences.” He observes:

There’s an unsettling form of market alchemy that takes place when illiquid, over-the-counter bonds are transformed into instantly liquid ETFs. ETF “liquidity transformation” is now being supported by the government, just like liquidity transformation in mortgage backed securities and shadow banking was supported in 2008.

BlackRock got a bailout with no debate in Congress, no “penalty” interest rate of the sort imposed on states and cities borrowing in the Fed’s Municipal Liquidity Facility, no complicated paperwork or waiting in line for scarce Small Business Administration loans, no strings attached. It just quietly bailed itself out.It might be argued that this bailout was good and necessary, since the market was saved from a disastrous “doom loop,” and so were the pension funds and the savings of millions of investors. Although BlackRock has a controlling interest in all the major corporations in the S&P 500, it professes not to “own” the funds. It just acts as a kind of “custodian” for its investors — or so it claims. But BlackRock and the other Big 3 ETFs vote the corporations’ shares; so from the point of view of management, they are the owners. And as observed in a 2017 article from the University of Amsterdam titled “These Three Firms Own Corporate America,” they vote 90% of the time in favor of management. That means they tend to vote against shareholder initiatives, against labor, and against the public interest. BlackRock is not actually working for us, although we the American people have now become its largest client base.

In a 2018 review titled “Blackrock – The Company That Owns the World”, a multinational research group called Investigate Europe concluded that BlackRock “undermines competition through owning shares in competing companies, blurs boundaries between private capital and government affairs by working closely with regulators, and advocates for privatization of pension schemes in order to channel savings capital into its own funds.”Daniela Gabor, Professor of Macroeconomics at the University of Western England in Bristol, concluded after following a number of regulatory debates in Brussels that it was no longer the banks that wielded the financial power; it was the asset managers. She said:We are often told that a manager is there to invest our money for our old age. But it’s much more than that. In my opinion, BlackRock reflects the renunciation of the welfare state. Its rise in power goes hand-in-hand with ongoing structural changes; in finance, but also in the nature of the social contract that unites the citizen and the state.

That these structural changes are planned and deliberate is evident in BlackRock’s August 2019 white paper laying out an economic reset that has now been implemented with BlackRock at the helm.Public policy is made today in ways that favor the stock market, which is considered the barometer of the economy, although it has little to do with the strength of the real, productive economy. Giant pension and other investment funds largely control the stock market, and the asset managers control the funds. That effectively puts BlackRock, the largest and most influential asset manager, in the driver’s seat in controlling the economy.As Peter Ewart notes in a May 14 article on BlackRock titled “Foxes in the Henhouse,” today the economic system “is not classical capitalism but rather state monopoly capitalism, where giant enterprises are regularly backstopped with public funds and the boundaries between the state and the financial oligarchy are virtually non-existent.”

If the corporate oligarchs are too big and strategically important to be broken up under the antitrust laws, rather than bailing them out they should be nationalized and put directly into the service of the public. At the very least, BlackRock should be regulated as a too-big-to-fail Systemically Important Financial Institution. Better yet would be to regulate it as a public utility. No private, unelected entity should have the power over the economy that BlackRock has, without a legally enforceable fiduciary duty to wield it in the public interest.